Insurers' stocks rebound after UnitedHealth's Obamacare letdown

November 20, 2015 5:39 PM

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Several major insurers Friday suggested that their profits are on track, fueling a rebound in health-care stocks a day after the abrupt reversal of fortunes at the nation's largest insurer focused scrutiny on a key pillar of Obamacare.

UnitedHealth Group's (UNH) threat on Thursday to stop offering insurance through the public exchanges amid steep losses came just a month after the company expressed optimism about its Affordable Care Act exchange offerings.